Larsen & Toubro Limited has informed the Exchange regarding allotment of 152393 securities pursuant to ESOP/ESPS at its meeting held on July 29, 2025
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Larsen & Toubro's Nomination & Remuneration Committee approved the allotment of 1,52,393 equity shares on July 29, 2025 to employees who exercised their stock options under the company's Employee Stock Option Schemes. These newly issued shares will rank equally with existing equity shares in all respects. This is a routine issuance linked to employee compensation and represents a small fraction of L&T's overall share base.
This is a routine ESOP allotment with no material impact on shareholders. It results in minor dilution, which is already factored into the company's share count and per-share metrics.